🔍 Beginner's Guide: What do the small icons next to new currencies mean?
When trading emerging cryptocurrencies (like TRUTH or Swarm Network projects), small icons appear next to the price. These are not just for decoration; they are "quick check tools" for the project's security level.
1️⃣ Umbrella Icon (Umbrella) ☂️ - [Code Audit]
What is it? It means that the smart contract of the currency has undergone an Audit by security companies.
Benefit: It ensures that the developer has not included "malicious codes" that would allow them to withdraw investors' funds or suddenly freeze trading. The presence of the umbrella means that the code is generally "clean" from a programming perspective.
2️⃣ Blue Water Drop Icon (Drop) 💧 - [Liquidity]
What is it? It symbolizes Liquidity. Liquidity is the engine that allows you to buy and sell without delay.
Benefit: The presence of this icon means that the liquidity is "secured" or "locked". This greatly reduces the risks of a Rug Pull, where the developer cannot withdraw the funds allocated for trading and escape with them.
3️⃣ Yellow Shield or Gear Icon 🛡️ - [Verification]
What is it? It indicates that the project has completed the basic verification steps required by the platform.
Benefit: It gives you confidence that the project is not entirely "illusory", but has registered data and a known team #MetaPlansLayoffs #TrumpSaysIranWarWillEndVerySoon #TrumpSaysIranWarWillEndVerySoon #UseAIforCryptoTrading